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Definition
| Strength, Weaknesses, Opportunities, Threats |
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Definition
| Payments in Kind (exchange goods for services) |
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Definition
| Employee Stock Ownership Plan |
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Definition
| Governmental Accounting Standards Board |
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Definition
| Global Entrepreneurship Monitor |
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Definition
| Other People's Money (best way to start a business) |
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Definition
| Earnings Before Interest, Taxes, Depreciation & Amortization |
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Definition
| Cost of Living Adjustment |
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Term
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Definition
| Absent Without Official Leave |
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Term
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Definition
| Debt Exchange for Common Stock |
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Term
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Definition
| Uniform Franchise Offering Circular |
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Term
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Definition
| Small Business Innovation Grant |
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Term
| Small Business Innovation grants have 3 phases they are |
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Definition
(1)$75,000
(2)$750,0000
(3)Private Investment |
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Term
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Definition
| Small Business Technology Transfer Research |
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Term
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Definition
| Technology-Based Economic Development |
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Definition
| National Business Incubator Association |
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Definition
| Americans with Disabilities Act |
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Term
| The ADA says businesses have to make....to persons with disabilities. |
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Definition
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Term
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Definition
| Principle, Interest, Taxes, Insurance |
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Term
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Definition
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Term
| Companies who abide by the FMLA give employees....if they have at least...employees. |
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Definition
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Term
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Definition
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Term
| The Break Even Point is calculated by |
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Definition
| (Total Fixed Costs)/(Variable Revenue) |
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Term
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Definition
| Management by Objectives, i.e. setting goals and giving employees plans |
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Term
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Definition
| Limited Liability Partnership |
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Term
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Definition
| Limited Liability Corporation |
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
| Small Business Administration |
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Term
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Definition
| Small Business Development Corporation |
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Term
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Definition
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Term
| Portion of CRA that covers sexual harassment law |
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Definition
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Term
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Definition
| Equal Employment Opportunity Commission |
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Term
| A business plan has how many components? |
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Definition
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Term
| How long should an executive summary in a business plan be? |
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Definition
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Term
| How long should a business plan be? |
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Definition
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Term
| What is the entrepreneurial formula? |
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Definition
| E=f(e) Entrepreneurship is a function of the entrepreneur |
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Term
| An S-Corp can have how many shareholders |
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Definition
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Term
| An S-Corps passive investments are capped at what percentage - rent land etc |
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Definition
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Term
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Definition
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Term
| Replacement Value is based on |
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Definition
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Term
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Definition
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Term
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Definition
| Profit after taxes plus any non cash expenses (depreciation, depletion, amortization) |
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Term
| Patents last for how long? |
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Definition
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Term
| What are the 3 types of patents? |
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Definition
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Term
| Copyrights are registered at ? |
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Definition
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Term
| Patents are registered at? |
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Definition
| Patent and Trademark Office |
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Term
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Definition
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Term
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Definition
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Term
| What are the 3 types of bankruptcy? |
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Definition
| Chapter 7, Chapter 11, Chapter 13 |
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Term
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Definition
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Term
| What type of bankruptcy is voluntary? |
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Definition
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Term
| What is the difference between new-new and new-old? |
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Definition
| New-new is an entirely new product; new-old is a redesign of an existing one. |
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Term
| #1 HR issue for small and large companies is |
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Definition
| availability of quality workers |
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Term
Accounts Receivables Turnover is
calculated by |
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Definition
Net Sales
Avergae Account Receivable |
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Term
Rate of Return on
Total Assets is |
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Definition
Operating Income
Average Assets |
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Term
Average Number of Days to Turnover
is |
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Definition
Cost of Goods Sold
Average Inventory
and then
Product
365 |
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Term
Rate of Return on Equity
is |
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Definition
Net Income
Owner's Equity |
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Term
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Definition
Update the books when you get money
(small business) |
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Term
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Definition
Update the books when you make a sale
(large business) |
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Term
| Price Elasticity of Demand Formula is |
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Definition
| % Change in quantity demanded / % Change in Price |
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Term
| 3 Key pricing factors are |
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Definition
| Cost of Goods, Market Demand, Competitive Prices |
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Term
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Definition
| A High price with High Demand (only store with new gadget) |
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Term
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Definition
| moving prices in relation to demand |
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Term
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Definition
| Low price to stimulate demand |
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Term
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Definition
| pricing that is close to what the competition is doing |
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Term
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Definition
| Setting prices at just below a round number |
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Term
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Definition
| marking down a popular product to attract more customers |
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Term
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Definition
| offering products with different price ranges |
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Term
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Definition
| offer other services or goods with product - buy a cell phone get a charger and a data plan |
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Term
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Definition
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Term
| Introductory stage prices are |
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Definition
| Skimming (unique) Penetration (non-unique) |
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Term
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Definition
| Consumer pricing (penetration + competitive) |
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Definition
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Term
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Definition
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Term
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Definition
| A markup is the price a good is sold over wholesale. A markon is an additional markup to reflect later possible markdowns. |
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Term
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Definition
| Purchasing AR or loaning cash based on AR |
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Term
| Time management problems in early years include |
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Definition
| control, responsibility, effective delegation |
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Term
| The national quality award is called? |
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Definition
| The Malcolm Baldridge Quality Award |
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Term
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Definition
| is starting a business with one's own funds |
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Term
| Items on an income statement are |
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Definition
| Net income, expenses, revenue. |
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Term
| Operating expenses have 2 categories |
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Definition
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Term
Primary budget is the
it has 2 characteristics |
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Definition
| sales budget (timeliness / economy) |
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Term
| Early warning sign of problems is |
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Definition
| declining profits despite increased sales |
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Term
| 1st step in the scientific method |
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Definition
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Term
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Definition
| have you defined the problem accurately? |
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Term
| These rations are long-run position |
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Definition
| debt/asset, equity/asset, debt/equity |
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Term
| 4 critical steps for time management are |
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Definition
| APPD - assessment, prioritization, procedures, delegation |
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Term
| Community Challenge - participation |
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Definition
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Term
| Community Challenge leadership - |
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Definition
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Term
| Community Challenge donations - |
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Definition
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